Premier Foods (LON:PFD) Share Price Crosses Below 200-Day Moving Average – Here’s What Happened

Premier Foods plc (LON:PFD – Get Free Report) shares crossed below its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of GBX 195.82 and traded as low as GBX 191. Premier Foods shares last traded at GBX 194.50, with a volume of 50,879,293 shares trading hands.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. Royal Bank Of Canada dropped their price objective on Premier Foods from GBX 230 to GBX 220 and set a “sector perform” rating on the stock in a report on Friday, July 17th. Shore Capital Group reissued a “house stock” rating on shares of Premier Foods in a research report on Thursday, July 16th. Four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, Premier Foods has a consensus rating of “Moderate Buy” and a consensus price target of GBX 242.

Check Out Our Latest Stock Report on PFD

Premier Foods Stock Up 0.3%

The business’s fifty day moving average price is GBX 193.69 and its 200 day moving average price is GBX 195.81. The firm has a market capitalization of £1.68 billion, a price-to-earnings ratio of 12.59, a PEG ratio of 1.44 and a beta of 0.59. The company has a current ratio of 0.75, a quick ratio of 0.41 and a debt-to-equity ratio of 24.06.

Insider Transactions at Premier Foods

In other Premier Foods news, insider Malcolm Waugh acquired 5,156 shares of the stock in a transaction on Friday, July 17th. The shares were bought at an average cost of GBX 193 per share, with a total value of £9,951.08. Insiders own 1.68% of the company’s stock.

About Premier Foods

(Get Free Report)

Premier Foods plc, together with its subsidiaries, manufactures and distributes branded and own label food products in the United Kingdom, other European countries, and internationally. The company operates through Grocery, Sweet Treats, and international segments. It offers a portfolio of product categories, including flavorings and seasonings under the Bisto, OXO, Paxo, and Saxa brands; cooking sauces and accompaniments under the Sharwood's, Loyd Grossman, Spice Tailor and Homepride brands; quick meals, snacks, and soups under the Batchelors and Smash brands; ambient desserts under the Ambrosia, Bird's, and Angel Delight brands; and ambient cakes under the Mr Kipling and Cadbury brands.

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